Balboa Peninsula (Residential) (Balp) Area Multi-Family Home
Active
1628 W Oceanfront Newport Beach, CA 92663
Bed
0 Baths
5123 sqft
MLS# NP23199965
1628 W. Oceanfront presents an opportunity to own a “one of a kind” property located on the prestigious Balboa Peninsula. Ideally located on the oceanfront in between the Balboa Pier and Newport Pier, the property is set up as a boutique hotel offering a variety of rooms to rent. Current unit set up is (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units with 4 of them having ocean views. All units have been recently renovated and each one has their own unique design and detail. Upgrades include quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, recently painted exterior, and dual pane windows throughout. The property sits on an oversized 35 foot wide corner lot and offers an impressive 9 STR permits that can be transferred to the new owner. Continue renting on a short term basis or keep as a family compound. Guests enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and offers some of the best ocean views Newport Beach has to offer. This is truly a once in a lifetime generational opportunity that you will not find anywhere else in Newport Beach.
Nestled within the highly coveted Baycrest South neighborhood of Newport Beach, 1529 Lincoln Lane sits on the one of the most desirable streets in this coastal community. Situated on a 10,000 SF + lot, this single level home features 3 bedrooms, 2 bathrooms, and approximately 2,170 SF of living space. Walk inside to discover a large living area that boasts an abundance of natural light, plantation shutters, custom built-ins, and a gas fireplace. The pristine kitchen features white cabinetry, granite countertops, and new stainless steel appliances. A recent renovation has elevated the hallway bathroom, boasting elegant white shaker cabinetry, quartz countertops, and a tasteful shower/tub combination. The primary bedroom has an en-suite bathroom and French doors that lead to spacious backyard, perfect for entertaining. Other features include new flooring, new bedroom carpeting, an interior laundry room, recessed lighting, putting green, and a detached two car garage. The property feeds to the award-winning Mariners Elementary School and holds close proximity to Fashion Island, beaches, and all the amenities 17th St has to offer!
